By Paul Ploumis 30 Jun 2015 Last updated at 02:33:21 GMT
ALBANY (Scrap Monster): As per the statistics released by the American Iron and Steel Institute (AISI), the raw steel production by the country increased marginally during the week ended June 27th, 2015. The production had registered decline during the past three weeks prior to this.
The total raw steel output during the week ending June 27th was 1,733,000 net tons. The AISI data indicates that the US raw steel production has increased by 0.4% during the week. This is in comparison with the previous week (ie., the week ended June 20th) production figures of 1,726,000 net tons. However, the weekly output represents a sharp decline of 8.3% in comparison with production of 1,889,000 net tons during same week the previous year.
The capability utilization rate of US steel makers was 73.3% during the week ended June 27th, 2015.
The capacity utilization rate has gone higher slightly when compared to 73.0% during the previous week (ie., the week ending June 20th). However, capacity utilization was considerably lower when compared with the rate of 78.5% during same week the previous year.
The region-wise comparative weekly production figures are provided below:-
AISI determines its weekly raw steel production data based on weekly data from 50% of the domestic industry and estimates the rest using monthly production data.